The euro tumbled against the dollar on Friday after four straight days of gains, stung by a cascade of negative news on Greece, ranging from a Fitch rating downgrade to Norway suspending a grant payment. The Greece headlines also prompted a sell-off in stocks, commodities, and high-yielding currencies and focused investors on a key $1.40 level for the euro.
In midday New York trading, the euro was last at $1.4191, down 0.9 percent on trading platform EBS, although on the week it was still up 0.7 percent. It hit a session low of $1.4139 after earlier hitting a high for the day at $1.4345. The euro also fell against the yen to trade 0.8 percent down at 115.86 yen, although it stayed well above a recent two-month low near 113.40 yen. The dollar was little changed against the yen at 81.64 yen.
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